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Things to Consider When Starting a New Business

Profile photo of Ivan Submitted by Ivan February 13, 2014 Website :

If you honestly and truly believe you have an original, exciting and marketable new idea for a business then take a moment before rushing off to seek investment capital.

Here are 4 things you should consider beforehand.

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5 Responses to “Things to Consider When Starting a New Business” Leave a reply ›

  • Profile photo of Sunday William Profile

    If you ask me, I would say that the title of this piece should read something like this: ” Financial options for consider for starting a new business”. The details on each point made are clear but every business should think about the pros and cons of each.
    Sunday William recently posted…Facebook Recognizes New gTLDs in Facebook PostsMy Profile

  • Profile photo of Sugar Mummy Profile

    Crowdfunding is the new thing these days where you get different people to support your idea financially. Simply propose an idea an idea and get people to fund as much as you need or as little as they can afford.

    This idea has helped a lot of businesses to take off unlike when you will have ideas but cant find fund from anywhere.

  • Profile photo of Ivan Profile

    @Sunday – you are correct – gotta update the post title!
    @Nwosu – indeed! the only issue with crowdfunding is the legal and copyright aspects with regard to ideas…
    Ivan recently posted…Content is King – Really?My Profile

  • Profile photo of Princewill Okafor Profile

    Crowdfunding sounds like a nice idea but does it work everywhere, haven’t tried so I have no faintest clue of its efficacy…

    Starting a new business requires alot on your part, you sure do have to sacrifice alot and being a newbie, you have to learn the tricks of the business before you get started, maybe someone who is been in the line

    Going into some thing you hardly know anything about will surely be disastrous and will have your capital go down the drain…

    The points are very clear and should help one in starting off nicely…
    Princewill Okafor recently posted…Hp ElitePad 1000 G2 Specifications And PriceMy Profile

  • Profile photo of Ryan Profile

    Having a vision Ivan is far and away the best advice I could offer before starting a business. If you can see the endline you will get there and if you never have an endline, or vision, in place, you are doomed to fail in this entrepreneur bit. Keep at it by seeing your goals before you start your business.

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